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Contractors want financial institutions to step up their support for infrastructure diplomacy
Egyptian contractors and construction companies want financial institutions to do more to support their work in Arab and African countries:…
Growth in Africa is looking promising in the near term — and Egypt has a big role to play
Egypt’s economic growth is expected to account for 17% of Africa’s output growth in 2022, according to a report (pdf)…
Contact + Nawy sign EGP 1 bn financing agreement + Med wealth funds launch a colab
Contact + Nawy sign EGP 1 bn financing agreement: Contact Financial’s real estate finance subsidiary will lend EGP 1 bn…
Earnings watch: Elsewedy Electric revenues up by a third in 2021
Elsewedy Electric booked EGP 3.5 bn in net income in 2021, up 16.7% y-o-y, while revenues for the full year…
Gov’t ups local wheat purchase targets by over 10% y-o-y
Egypt to buy 4 mn tonnes of local wheat this season: Egypt plans to purchase 4 mn tonnes of wheat…
AFC wants to invest USD 250 mn in monorail, high-speed rail projects
Multilateral lender Africa Finance Corporation (AFC) is looking to partially bankroll our monorail and high-speed train projects with a USD…
Afreximbank sets up pan-African payment system to spur trade
Afreximbank sets up pan-African payment system to spur intra-continental trade: African economies could save more than USD 5 bn per…
New infusions of USD for state, banking system?
The Madbouly government is looking to raise USD 2 bn through a three-year syndicated facility, according to a Finance Ministry…
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